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Monday, March 30, 2015

22 States Where You Could Lose Your License for Not Paying Your Student Loans (@writingbikes @MONEY)

Do you have outstanding student loan debt? If you default on your payments in one of these 22 states, they may suspend you driver's license, and in some cases, even suspend professional licenses you may have.

Full article at MONEY Magazine

"Two state legislatures (Iowa and Montana) are considering bills that would repeal laws that allow states to suspend the driver’s licenses of student loan defaulters, Bloomberg reported in a March 25 piece on the topic. Even if those repeals succeed, several other states have such laws in place. Some states suspend licenses needed to practice in certain fields, from health care to cosmetology, though license suspension can extend to driving, too."

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